Maple Leaf Foods (TSX:MFI) Cyclically Adjusted PB Ratio: 1.64 (As of Aug. 06, 2026) — Near Median

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TSX:MFI Maple Leaf Foods Inc TSX:MFI
71 GF Score
Price C$28.38
GF Value C$20.34
Valuation Significantly Overvalued
! 5 Warning Signs
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What is Maple Leaf Foods Cyclically Adjusted PB Ratio?

Maple Leaf Foods TSX:MFI -2.14% 71 Cyclically Adjusted PB Ratio is 1.64 as of Aug. 06, 2026, which is 4% below its 10-year median of 1.70. GuruFocus rates TSX:MFI with a GF Score™ of 71/100 and a GF Value™ of C$20.34 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 1,416 Consumer Packaged Goods companies, Maple Leaf Foods ranks worse than 60.03% on this metric.

As of today (2026-08-06), Maple Leaf Foods's current share price is C$28.38. Maple Leaf Foods's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was C$17.28. Maple Leaf Foods's Cyclically Adjusted PB Ratio for today is 1.64.

The historical rank and industry rank for Maple Leaf Foods's Cyclically Adjusted PB Ratio or its related term are showing as below:

TSX:MFI' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.02   Med: 1.7   Max: 2.89
Current: 1.64

During the past years, Maple Leaf Foods's highest Cyclically Adjusted PB Ratio was 2.89. The lowest was 1.02. And the median was 1.70.

TSX:MFI's Cyclically Adjusted PB Ratio is ranked worse than
60.03% of 1416 companies
in the Consumer Packaged Goods industry
Industry Median: 1.25 vs TSX:MFI: 1.64

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

Maple Leaf Foods's adjusted book value per share data for the three months ended in Mar. 2026 was C$10.806. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is C$17.28 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Maple Leaf Foods  (TSX:MFI) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


Maple Leaf Foods Cyclically Adjusted PB Ratio Related Terms


Maple Leaf Foods Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Maple Leaf Foods's Cyclically Adjusted PB Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Maple Leaf Foods Cyclically Adjusted PB Ratio Chart

Maple Leaf Foods Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.72 1.29 1.27 1.04 1.44

Maple Leaf Foods Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Cyclically Adjusted PB Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.28 1.45 1.86 1.44 1.74

TSX:MFI vs KHC, GIS: Cyclically Adjusted PB Ratio Comparison

For the Packaged Foods subindustry, Maple Leaf Foods's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Maple Leaf Foods Cyclically Adjusted PB Ratio vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Maple Leaf Foods's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Maple Leaf Foods's Cyclically Adjusted PB Ratio falls into.


TSX:MFI
71GF Score
Maple Leaf Foods Inc TSX:MFI
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Maple Leaf Foods Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

Maple Leaf Foods's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=28.38/17.28
=1.64

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Maple Leaf Foods's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Maple Leaf Foods's adjusted Book Value per Share data for the three months ended in Mar. 2026 was:

Adj_Book=Book Value per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=10.806/132.2623*132.2623
=10.806

Current CPI (Mar. 2026) = 132.2623.

Maple Leaf Foods Quarterly Data

Book Value per Share CPI Adj_Book
201606 15.551 102.002 20.164
201609 15.847 101.765 20.596
201612 15.808 101.449 20.609
201703 15.893 102.634 20.481
201706 15.875 103.029 20.379
201709 15.990 103.345 20.464
201712 16.220 103.345 20.759
201803 16.391 105.004 20.646
201806 16.276 105.557 20.394
201809 16.130 105.636 20.196
201812 16.257 105.399 20.400
201903 16.207 106.979 20.037
201906 15.633 107.690 19.200
201909 15.611 107.611 19.187
201912 15.862 107.769 19.467
202003 15.468 107.927 18.956
202006 15.218 108.401 18.568
202009 15.646 108.164 19.132
202012 15.688 108.559 19.113
202103 16.547 110.298 19.842
202106 16.332 111.720 19.335
202109 16.687 112.905 19.548
202112 16.458 113.774 19.132
202203 16.883 117.646 18.981
202206 16.283 120.806 17.827
202209 14.086 120.648 15.442
202212 13.670 120.964 14.947
202303 13.091 122.702 14.111
202306 12.739 124.203 13.566
202309 12.648 125.230 13.358
202312 12.362 125.072 13.073
202403 12.652 126.258 13.254
202406 12.791 127.522 13.267
202409 12.239 127.285 12.718
202412 12.439 127.364 12.917
202503 12.705 129.181 13.008
202506 12.817 129.892 13.051
202509 13.105 130.287 13.304
202512 10.619 130.366 10.773
202603 10.806 132.262 10.806

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

What does a Cyclically Adjusted PB Ratio of 1.64 mean?
Maple Leaf Foods (TSX:MFI) has a Cyclically Adjusted PB Ratio of 1.64 as of Aug. 06, 2026. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Maple Leaf Foods and its competitors. This is near median its historical median of 1.70. Over the past decade, Maple Leaf Foods' Cyclically Adjusted PB Ratio has ranged from 1.02 to 2.89. According to the industry distribution chart, Maple Leaf Foods ranks #850 out of 1416 companies in the Consumer Packaged Goods industry, placing it in the top 60%.
Is Maple Leaf Foods' Cyclically Adjusted PB Ratio too high?
Maple Leaf Foods' current Cyclically Adjusted PB Ratio of 1.64 is near median its 10-year median of 1.70. Over the past 10 years, this metric has ranged from a low of 1.02 to a high of 2.89. The Consumer Packaged Goods industry median Cyclically Adjusted PB Ratio is 1.25. Maple Leaf Foods' value of 1.64 is 31.2% above this industry median. Based on the distribution chart, Maple Leaf Foods ranks #850 out of 1416 companies in the Consumer Packaged Goods industry, which is below the industry midpoint. Overall, Maple Leaf Foods has a GF Score™ of 71/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Maple Leaf Foods' Cyclically Adjusted PB Ratio compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Maple Leaf Foods ranks #850 out of 1416 companies for Cyclically Adjusted PB Ratio. This places Maple Leaf Foods in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.25. Maple Leaf Foods' value of 1.64 is 31.2% above this benchmark. Historically, Maple Leaf Foods' own Cyclically Adjusted PB Ratio has ranged from 1.02 to 2.89 over the past decade. While the company's 10-year median is 1.70 vs. the industry median of 1.25, Maple Leaf Foods has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PB Ratio for a Consumer Packaged Goods company?
The median Cyclically Adjusted PB Ratio among Consumer Packaged Goods companies is 1.25, based on 1,416 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Maple Leaf Foods's current Cyclically Adjusted PB Ratio of 1.64 is 31.2% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PB Ratio mean?
A high Cyclically Adjusted PB Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Maple Leaf Foods and its competitors. For the Consumer Packaged Goods industry, the median Cyclically Adjusted PB Ratio is 1.25 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Maple Leaf Foods's current Cyclically Adjusted PB Ratio is 1.64, which is near median its own 10-year median of 1.70. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Maple Leaf Foods stock overvalued right now?
Based on GuruFocus' analysis, Maple Leaf Foods (TSX:MFI) is currently considered Significantly Overvalued. The stock's GF Value™ is C$20.34, compared to a current price of C$28.38 — trading 39.5% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.64, which is near median its 10-year median of 1.70 and 31.2% above the Consumer Packaged Goods industry median of 1.25. Maple Leaf Foods' overall GF Score™ is 71/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PB Ratio calculated?
Cyclically Adjusted PB Ratio is calculated from a company's financial statements. For Maple Leaf Foods (TSX:MFI), the current Cyclically Adjusted PB Ratio is 1.64 as of Aug. 06, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Maple Leaf Foods (TSX:MFI) Overvalued in 2026?

Based on GuruFocus' analysis, Maple Leaf Foods stock appears to be overvalued. The current stock price of C$28.38 is trading 39.5% above its estimated GF Value™ of C$20.34. GuruFocus considers Maple Leaf Foods to be Significantly Overvalued.

Key valuation signals for TSX:MFI:

  • Cyclically Adjusted PB Ratio: 1.64 (near median its 10-year median of 1.70)
  • GF Value™: C$20.34 vs. price of C$28.38 (39.5% above fair value)
  • GF Score™: 71/100 with 5 warning signs
  • Industry Position: 31.2% above the Consumer Packaged Goods median (#850 of 1416)

No single metric tells the full story. See the TSX:MFI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Maple Leaf Foods Business Description

Other Exchanges MLFNF:USA0V5G:UKM1L:Germany
Address 6897 Financial Drive, Mississauga, ON, CAN, L5N 0A8
Maple Leaf Foods Inc is a protein-focused consumer packaged goods company that responsibly produces food products under brands including Maple Leaf, Maple Leaf Prime, Maple Leaf Natural Selections, Schneiders, Mina, Greenfield Natural Meat Co., Lightlife, and Field Roast. The company's portfolio includes prepared meats, ready-to-cook and ready-to-serve meals, value-added fresh pork and poultry, and plant protein products. Its main markets are Canada, the United States, and Others.
71GF Score

Get the complete analysis for TSX:MFI

Cyclically Adjusted PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

C$28.38
Price
C$20.34
GF Value